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Novak Biddle Venture Partners

No New Investments Warning:
Members have submitted information that the following organization(s) may not be making investments into new portfolio companies. This warning can be contested by submitting proof of a completed investment in a new portfolio company within the last four weeks here.

Firm Rating:

Rated 2.9 / 5.0 by 21

TrackRecord

3.3

OperatingCompetence

2.9

PitchingEfficiency

2.8

FavorableDeal Terms

2.4

ExecutionAssistance

3.1

Firm Homepage:

FIRM OVERVIEW: Very Small Private VC founded in 1997 based out of Bethesda, United States (US East)

Tough yes.... fair yes. In dealing with VC's that is all you can ask for. They gave me stright answers about my business. Some I liked and some I did not. But they did not jerk me around and I have to respect that.

This guy is a rock solid infrastructure guy. He really understands communications technology and seems to want to build and launch new ideas and technologies. He is a former entrepreneur and has an operator's mindset.

Posted by
bootstrapper
on 2007-06-22

PUBLIC:

I pitched a fairly new partner to the firm and she's provided excellent help and made introductions even though we may not do deal. They are very proud of their historical 49% IRR as they should be; so far great to work with.

Novak is the premier boutique firm in the DC area. They are highly regarded and the only ones that are doing anything innovative in the area. Pitched Jack Biddle... he tore us apart. Heard later that he has a reputation for beating up on entrepreneurs and business models. Although he passed on us, overall the "beat down" was worth it, as he gave us frank and direct feedback.